TEHRAN- Iran’s light crude oil price rose $1.2 in the week ended on December 15 to settle at $63.23 per barrel, IRNA reported on Saturday.

The country’s heavy crude oil price also experienced a $1.02 increase in the said week to settle at $60.49 per barrel.

In the mentioned week, Organization of Petroleum Exporting Countries (OPEC)’s basket price stood at $61.71 per barrel with 87 cents rise compared to the preceding week.

MA